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Is there a savings cap on IDA accounts?

April 26, 2017accounts cap Ida savings

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Is there a savings cap on IDA accounts?

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Yes. Most IDA programs only allow you to save a certain amount of money in your account—often $4,000 to $6,000. This includes the money you deposit as well as the matching funds. Once you reach the limit, you won’t be allowed to deposit any more money.